EON Resources Inc. ( EONR ) shares edged lower in Monday's premarket session. Oil stocks declined after President Donald Trump signaled a pause in U.S. strikes on Iranian energy infrastructure.

Trump said in a Truth Social post that the U.S. will suspend strikes on Iran's power and energy assets for five days. The decision depends on ongoing talks. As a result, oil prices dropped, which pressured energy stocks.

Drilling Plans Move Ahead

Despite the pullback, EON continues to advance its 2026 plans. The company announced last week a drilling program that begins with the recompletion of five vertical wells in the San Andres formation.

The $2 million program will test different completion methods. These results will guide the next phase, which includes drilling 92 horizontal wells. Initial results are expected in the second quarter.

"In advance of spending $3.5 million per well… the results from the 5 vertical wells will help guide us," said CEO Dante Caravaggio.

EON has also secured funding through its farmout agreement with Virtus Energy Partners. The company has already submitted three permits. Drilling is expected to begin in the second quarter of 2026.

"Our plan is to drill 10 new horizontal wells in 2026," said VP Jesse Allen. He added that each well could average 400 barrels per day.

At $90 oil, the company estimates this production could add $1.3 million per month and potentially double net revenue.

Technical Analysis

EON Resources ( EONR ) is currently trading 43.8% above its 20-day simple moving average (SMA) and 128.3% above its 100-day SMA, indicating strong short-term and longer-term bullish momentum.

Shares have increased 76.10% over the past 12 months and are positioned closer to their 52-week highs than lows, reflecting solid upward momentum.

Earnings & Analyst Outlook

EON Resources ( EONR ) is slated to provide its next financial update on April 14, 2026 (estimated).

EPS Estimate: Loss of 4 cents (up from Loss of 27 cents)

Revenue Estimate: $7.30 million (up from $3.71 million)

EONR Price Action: EON Resources ( EONR ) shares were down 4.86% at $0.97 during premarket trading on Monday, according to Benzinga Pro data.